Completes US$100m placement of subscription receipts
Filed with ASX · · 3 pages · English
Summary by 6ix
Champion Iron Ltd. has completed a private placement of subscription receipts, raising significant funds to support its acquisition plans. The placement will result in a dilution of the company's ordinary shares, with La Caisse expected to hold a notable stake post-transaction. The gross proceeds will be held in escrow until certain conditions related to the tender offer are met.
6ix wrote this summary in English from the company’s filing.
MONTRÉAL, February 4, 2026 / SYDNEY, February 5, 2026 – Champion Iron Limited (TSX: CIA) (ASX: CIA) (OTCQX: CIAFF) ("Champion" or the "Company") is pleased to announce that it has completed its previously announced private placement (the "Private Placement") of 26,795,921 subscription receipts of the Company (the "Subscription Receipts") to Caisse de dépôt et placement du Québec ("La Caisse") at a